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Review exercisecalculate retained earnings From the following data, calculate the Retained Earnings balance as of...

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Accounting

Review exercisecalculate retained earnings From the following data, calculate the Retained Earnings balance as of December 31,2023:
Retained earnings, December 31,2022
$346,400
Cost of buildings purchased during 2023
41,800
Net income for the year ended December 31,2023
56,900
Dividends declared and paid in 2023
32,500
Increase in cash balance from January 1,2023, to December 31,2023
23,000
Increase in long-term debt in 2023
44,600ExercisBeview exercise-calculate retained earnings From the following data, calculate the Retained Earnings
8.9 balance as of December 31,2023:
LO 8-7
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